Apple Short Term: the upside prevails as long as 230.07 is support
Apple (AAPL.US)
-3.37-1.42%
the upside prevails as long as 230.07 is support
Our pivot point is at 230.07.
Our preference: the upside prevails as long as 230.07 is support
Alternative scenario: below 230.07, expect 219.36 and 212.98.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 231.17 and 218.41). Finally, the Apple is trading above its upper Bollinger band (standing at 239.53).
Supports and resistances:
273.59 **
267.13 *
260.68 **
254.23
239.69 USD - last
234.28
230.07 **
219.36 *
212.98 **
Our preference: the upside prevails as long as 230.07 is support
Alternative scenario: below 230.07, expect 219.36 and 212.98.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 231.17 and 218.41). Finally, the Apple is trading above its upper Bollinger band (standing at 239.53).
Supports and resistances:
273.59 **
267.13 *
260.68 **
254.23
239.69 USD - last
234.28
230.07 **
219.36 *
212.98 **
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